South Korea’s Coupang to buy online luxury retailer Farfetch, scuppering Richemont’s online plans
The purchase by Coupang will inject $500m in capital into the ailing online retailer
18 December 2023 - 18:33
Johann Rupert's luxury group Richemont will no longer be selling a stake in its online business Yoox-Net-A-Porter (YNAP) to online retailer Farfetch it said on Monday afternoon.
This is after South Korean e-commerce giant Coupang said it was planning to buy luxury online retailer Farfetch...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.